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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flow from operating activities:      
Net income $ 50 $ 40,440 $ 37,199
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net realized investment gains (3,045) (3,616) (4,426)
Amortization of investment premium or discount, net 5,346 5,645 4,165
Depreciation and amortization 869 624 149
Share-based compensation 4,420 4,527 2,140
Changes in operating assets and liabilities:      
Prepaid reinsurance premiums 24,908 (84,875) (59,829)
Premiums receivable, net (16,260) (11,319) (4,860)
Reinsurance recoverable, net (35,816) (180) (9,793)
Deferred acquisition costs (23,415) (1,937) 3,098
Income taxes receivable, net (11,769) (2,445) (4,189)
Loss and loss adjustment expense reserves 60,770 19,010 17,315
Unearned premiums 40,062 61,535 64,081
Reinsurance payable 18,085 18,606 12,918
Deferred income taxes, net of other comprehensive income (2,575) 6,741 765
Other, net 8,120 135 4,411
Net cash provided by operating activities 69,750 52,891 63,144
Cash flow from investing activities:      
Sales, maturities and redemptions of investment securities 311,109 169,979 87,151
Purchases of investment securities (342,113) (231,884) (194,087)
Purchases of property and equipment (2,147) (1,736) (969)
Net cash used in investing activities (33,151) (63,641) (107,905)
Cash flow from financing activities:      
Noncontrolling interest equity investment   18,743  
Issuance of common stock in public offering     43,109
Tax benefit related to share-based compensation 589 1,564 480
Issuance of debt in consolidated variable interest entity   5,000  
Purchases of FNHC common stock (11,317)    
Issuance of common stock for share-based awards 361 171 1,555
Dividends paid (4,677) (1,847) (1,672)
Net cash (used in) provided by financing activities (15,044) 23,631 43,472
Net increase in cash and cash equivalents 21,555 12,881 (1,289)
Cash and cash equivalents at beginning of period 53,038 40,157 41,446
Cash and cash equivalents at end of period 74,593 53,038 40,157
Cash paid during the period for:      
Income taxes 14,360 15,662 19,185
Non-cash investing and finance activities:      
Accrued dividends payable $ 1,115 $ 712 $ 564